EUR 100 million for European companies
The Commission and the European Investment Fund have drawn up a package of measures to support the venture capital market and innovative companies affected by the coronavirus pandemic.
In the framework of the “Horizon 2020” program, measures are being channeled through the InnovFin Equity facility, which translates into additional liquidity to strengthen the capital base of European small and medium-sized enterprises and medium-sized companies.
In addition, a new €100 million Involvement Facility for Innovative Technologies will be created, which will provide additional investment capacity to fund managers to further support their portfolio companies that have been adversely affected by the crisis.
The new support measures will be implemented based on a call for expressions of interest.
You can find more information here.